They say hardware wallets are the safest

[BlackHatCoiner]

Why do they say that? Correct me if I'm wrong. Isn't, hardware wallet, a hardware like usb, that generates private keys without being online on the internet?

Why do I not like them? Because, in addition with a txt file that you can encrypt with many ways and save it in many places, if your hardware stops working, you're a dead man. And you're going to fix it somewhere? Not that recommended. If you're a paranoid of course.

Prove me wrong, by not telling me the cons of software wallet. Prove me wrong, by telling me the pros of hardware wallet.

[1715245996]

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[1715245996]

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[OcTradism]

With hardware wallets, when you use them to send your funds, your private keys will not be disclosed. Even when the computer you use is infected by malwares or viruses.

HD wallets are deterministic ones and from a single seed, you can create many private keys and from a seed you can create many child keys, then grandchild keys. They don't require to have private key to create public keys. It is the point to save you if your computer is compromised. Hackers will not be able to steal your all funds if they can not have access to your private key.

HD wallets offer two major advantages over random (nondeterministic) keys. First, the tree structure can be used to express additional organizational meaning, such as when a specific branch of subkeys is used to receive incoming payments and a different branch is used to receive change from outgoing payments. Branches of keys can also be used in corporate settings, allocating different branches to departments, subsidiaries, specific functions, or accounting categories.

The second advantage of HD wallets is that users can create a sequence of public keys without having access to the corresponding private keys. This allows HD wallets to be used on an insecure server or in a receive-only capacity, issuing a different public key for each transaction. The public keys do not need to be preloaded or derived in advance, yet the server doesn’t have the private keys that can spend the funds.

https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch05.asciidoc

[Sanugarid]

So if it is not the hardware wallet that is the safest 'so far', then what a mobile wallet than can be hacked any time? in an exchange that can be breach any time? I guess not.

There has been some reports that I've read tackling hardware wallets being altered and set up by the seller so they can steal your funds, I don't know how they are doing that by there are cases that funds in hardware wallets is missing.

Aside, hardware wallet should be use like a vault, you don't need to use it daily to avoid implications on the hardware. At the end of the day it is the user's responsibility of anything that he owns.

[Coin_trader]

if your hardware stops working, you're a dead man. And you're going to fix it somewhere? Not that recommended. If you're a paranoid of course.

Do you own a hardware wallet? I believe you some misunderstanding on the way it was used. There is a recovery seed for the hardware wallet in case its stop working. You can access again your old wallet address using the recovery seed by inputting it to the new one. I've been using trezor for almost 5 years and so far it is still running smoothly since I'm not using it on regular basis and will never used it frequently.

Best thing about hardware wallet is you will not worry that someone will get your private key since it was intact on the device itself. So as long as disconnected then your funds is safe.

[BlackHatCoiner]

The reason why the private key can be easily stolen, is one of the reasons why bitcoin will never be a standard currency.

My opinion.

[Charles-Tim]

On hardware wallets, private key is generated offline, public key is used to generate addresses, this is done in a way that private keys can not be compromised or revealed to hackers even while sending or receiving funds

Hardware wallets are created in a way they are malware resistant but it is still good to be careful of the malware as they can change addresses during transaction, as for me, I check and recheck the address I inputed before initiating any transaction.

For bitcoin storage, I prefer airgapped devices, they are the safest as they generate private key offline and no connection at all to the internet. A good example are the two electrum wallets I use, one as airgapped(only for signing transaction through the use of QR code and private is completely offline) and the other one as a watch only that generated the transactions to be signed using QR code.

HD wallets are deterministic ones and from a single seed, you can create many private keys and from a seed you can create many child keys, then grandchild keys. They don't require to have private key to create public keys. It is the point to save you if your computer is compromised. Hackers will not be able to steal your all funds if they can not have access to your private key.

There are many HD wallets that are not hardware wallets, there are online/hot wallets that are HD wallets in which private keys are not generated offline and can be hacked.

[witcher_sense]

Please go through this video first https://www.youtube.com/watch?v=bc3HQqCSl7A

[NeuroticFish]

Why do they say that? Correct me if I'm wrong. Isn't, hardware wallet, a hardware like usb, that generates private keys without being online on the internet?

Why do I not like them? Because, in addition with a txt file that you can encrypt with many ways and save it in many places, if your hardware stops working, you're a dead man. And you're going to fix it somewhere? Not that recommended. If you're a paranoid of course.

Prove me wrong, by not telling me the cons of software wallet. Prove me wrong, by telling me the pros of hardware wallet.

1. Hardware wallets are not the safest. A correctly configured cold storage is safer. But hardware wallets are close enough to optimum between safety and every day convenience.
2. Hardware wallet signs the transactions. A txt file cannot do that without a wallet.
3. Hardware wallet works based on a seed which is recommended even by the manufacturers to write down after first generating it. That seed works in the same way in most wallets and will also work in a new hardware wallet too, so destroying your hardware wallet is not the end of the world.

All in all your points against hardware wallets are invalid and there are pluses too.

[o_e_l_e_o]

Following on from your posts in this thread (https://bitcointalk.org/index.php?topic=5259587.0), it seems that you do not understand what a seed phrase is, what it does, and why you should use one.

Because, in addition with a txt file that you can encrypt with many ways and save it in many places, if your hardware stops working, you're a dead man.

This is absolutely not true, and is the entire reason that every good hardware wallet tells you in big capital letters to back up your seed phrase. If your hardware wallet dies, breaks, gets lost, is stolen, etc., then you just recover from your seed and you won't lose a single satoshi.

The reason why the private key can be easily stolen, is one of the reasons why bitcoin will never be a standard currency.

Can you explain why you think private keys can easily be stolen? They can only be stolen if you are careless with them, such as backing them up in text files like you suggest in your opening post.

[Darker45]

1. If your hardware wallet stops working, your funds are safe.
2. If your hardware wallet is lost, your funds are safe.
3. If your hardware wallet is stolen, your funds are safe.

All for as long as you still have your seed with you.

[joniboini]

There are literally dozens of threads, posts, and articles that talk about hardware wallets, its pluses and minuses compared to other wallets, and when and why you should use it. I don't think you need to make a new threads and challenge people to change the way you think.

[Lucius]

Why do they say that? Correct me if I'm wrong. Isn't, hardware wallet, a hardware like usb, that generates private keys without being online on the internet?

Maybe people say that because it's true, but not everyone will agree that it's the safest way. Maybe you should try to find some of the most important features offered by hardware wallets compared to online, desktop or mobile wallets so you would understand the difference. But here are a few positive things that make me use a hardware wallet.

- generating a seed is done via device, and seed is only visible on device screen which is not the case with any desktop or mobile wallet where your seed can be exposed to any malware which is currently present on the device.

- some hardware wallets use secure chip (Ledger devices), which makes a big difference from storing your crypto on a regular USB stick.

- hardware wallets are not only for storing, but making transactions in the safest way possible protecting the user from himself, in the sense that he must check all the parameters of the transaction before sending.

But any way to store cryptocurrencies, no matter how secure, is not resistant to human stupidity - and that includes hardware wallets. People lose their money because they do not know how to use the means at their disposal, but this is a problem that goes beyond this discussion.

[20kevin20]

I usually had a pretty hard time trusting any wallet that I had to download offline. For example, there was a time I used to generate paper wallets but I was very paranoid every single time no matter how safely I generated them.

Hardware wallets basically removed this fear - with Ledger, you just open up Electrum (or Ledger Live) and you generate as many accounts as you wish without having the constant "what if some stranger knows it" fear. Moreover, carrying it in your pocket is safer than carrying a wallet around, as long as you stored your Ledger seed properly. Losing your wallet means losing everything you had in it while losing a Ledger means recovering your funds when you get back home. It's not like you can insert a random code inside a software and get back your lost ID, cash, cards etc.

Being offline, you don't have the fear that a keylogger might get to unlock your software wallet and get your funds out either. Although it might not be the most secure wallet, HWs avoid the hassle and constant stress of possibly not doing something right and having all your funds flush out of your addresses. This is mostly why I love my Ledger. Think of it as a mini & handy airgapped device you can conveniently carry around in your pocket.

The reason why the private key can be easily stolen, is one of the reasons why bitcoin will never be a standard currency.

My opinion.

It's easily stolen from some people because they do not have the necessary education to know how a digital wallet or file can be safely protected from hacks and thefts. With every new generations, it'll be easier and easier to get them understand why Bitcoin is better than centralized currencies and why it's such a genius idea. After all, you should store your keys the same way you store your precious metals or other valuable stuff you have.

[sunsilk]

if your hardware stops working, you're a dead man.

No, you are not.

You probably don't know that you can import your seed from a hardware wallet to an Electrum wallet. To easily understand it, you can easily connect your wallet from that hardware even if it's broken with the use of Electrum wallet.

[seoincorporation]

...

Prove me wrong, by not telling me the cons of software wallet. Prove me wrong, by telling me the pros of hardware wallet.

I would lie to prove you are wrong, but this time you are right, even a EMP can destroy those hardware wallets. And tons of vulns and exploits have already been developed for that kind of wallet.

The 100% secure wallets don't exist, there is always a way to vuln the system, some of them are a little more secure but that doesn't make it not vulnerable.

[danherbias07]

I only know the basics, and I am not as deep as our veterans here. 
So I will just use that.

A hardware wallet is downloadable or you could just save a clear copy if you want to. The .exe file or whatever it is that had not been used yet.
That means, you could use it offline if it is saved in a flash drive.
Create your address, save your private keys and seeds without the need of the internet.
It's better if your seeds are written in a piece of paper.

Now, your computer is compromised.
You just use the flash drive to open the hardware wallet again. Note: You haven't input your seeds yet. It is still in that piece of paper.
Enter that while offline then Voila! you can access your account again.

You don't really need the hardware for the whole run.
You just need it in the starting line and finish line.

[BlackHatCoiner]

@o_e_l_e_o

Can you explain why you think private keys can easily be stolen? They can only be stolen if you are careless with them, such as backing them up in text files like you suggest in your opening post.

And what bad do encrypted text files have? Like txts in rars. In a PC that no one ever touched you download Winrar and add to archive the csv file of the private keys. You put a very strong password that can remember. And you save it to different places with a name that isn't suspicious.

@Darker45

1. If your hardware wallet stops working, your funds are safe.
2. If your hardware wallet is lost, your funds are safe.
3. If your hardware wallet is stolen, your funds are safe.

All for as long as you still have your seed with you.

So.. Same thing with software wallet? But you have to be careful.

@sunsilk

You probably don't know that you can import your seed from a hardware wallet to an Electrum wallet. To easily understand it, you can easily connect your wallet from that hardware even if it's broken with the use of Electrum wallet.

And why would you like to import your seed to electrum since you have the strong hardware?  

[20kevin20]

I only know the basics, and I am not as deep as our veterans here.  
So I will just use that.

A hardware wallet is downloadable or you could just save a clear copy if you want to. The .exe file or whatever it is that had not been used yet.
That means, you could use it offline if it is saved in a flash drive.
Create your address, save your private keys and seeds without the need of the internet.
It's better if your seeds are written in a piece of paper.

Now, your computer is compromised.
You just use the flash drive to open the hardware wallet again. Note: You haven't input your seeds yet. It is still in that piece of paper.
Enter that while offline then Voila! you can access your account again.

You don't really need the hardware for the whole run.
You just need it in the starting line and finish line.

You got it entirely wrong as far as I am concerned. Hardware wallets are not downloadable. They're literally pieces of hardware.

If you're referring to apps such as Ledger Live, these are just wallets to check balances and initiate transactions with the HW. You could use a lot of other apps and sites, including Waves DEX, Binance, Electrum, Magnum Wallet etc. There is no need to save anything anywhere besides the seed your Ledger shows during the first-time setup. You just write that seed down and store it somewhere safe.

Private keys are usually not scrapped from the Ledger for security reasons. As long as you have the seed, it's enough to recover all your balances.

Even with a compromised computer, the HW is known to be safe - while the PC's screen might fool you, the hardware wallet's won't. If the PC is infected so that the transactions only show to be correct while in reality the destination wallet is a thief's, your hardware wallet will always show the real destination one and requires your physical input to confirm or decline the transaction.

But besides checking wallet balances, you basically need the wallet the entire time. You have to confirm addresses, transactions etc using it.

And what bad do encrypted text files have? Like txts in rars. In a PC that no one ever touched you download Winrar and add to archive the csv file of the private keys. You put a very strong password that can remember. And you save it to different places with a name that isn't suspicious.

Disk failure. I always fear that scenario. Another concern I personally have is that a vulnerability might be found someday for encrypted archives and my money would just suddenly be transferred into another wallet just because I held my seed/wallet.dat in an archive and someone got in touch with it. I don't trust digitally stored personal stuff.

And why would you like to import your seed to electrum since you have the strong hardware?  

That is in case you lose your hardware wallet like you said and cannot purchase another one for replacement. You can simply recover everything using your seed, or just buy another wallet. Ledger has 3 PIN tries before it automatically resets, so in case you lose it you'd need someone who knows what a Ledger is who also knows an unknown physical vulnerability in order to have it compromised. Otherwise, you could lose 10 HWs with the same seed on them all and you'd still be perfectly fine.

[sayulita]

if your hardware stops working, you're a dead man.

No, you are not.

You probably don't know that you can import your seed from a hardware wallet to an Electrum wallet. To easily understand it, you can easily connect your wallet from that hardware even if it's broken with the use of Electrum wallet.

I guess the OP says that if you don't have the backup of the wallet then you are dead, well that's with every wallet out in the market as well, if you are using the software wallet then also you are prone to attacks and your funds can easily be stolen by a hacker or the person having physical access to your wallet as compared to a hardware wallet where funds are more secure than a software wallet and always is password protected by default.
Also I didn't knew about the importing of key from a broken hardware wallet to electrum wallet, should it be from a backup or we can also extract the key from the broken hardware wallet??

[Benefactor]

The protection of hardware wallets is much better. It is in a much better position than software wallets. Hardware wallets keep your money safe at all times. Even if you lose your wallet, your entire money will be perfectly safe.

[BlackHatCoiner]

Disk failure. I always fear that scenario. Another concern I personally have is that a vulnerability might be found someday for encrypted archives and my money would just suddenly be transferred into another wallet just because I held my seed/wallet.dat in an archive and someone got in touch with it. I don't trust digitally stored personal stuff.

Lol, disk failure... From every place you've saved it? Play lotto.
If you saved it only on your pc then yeah, it is likely, but we're talking about PCs, laptops, external disks and whatever offline store of storage you have.

[sunsilk]

@sunsilk

You probably don't know that you can import your seed from a hardware wallet to an Electrum wallet. To easily understand it, you can easily connect your wallet from that hardware even if it's broken with the use of Electrum wallet.

And why would you like to import your seed to electrum since you have the strong hardware?  

That's in case something happens with your hardware wallet which causes it to be broken and, you are in need of your balance from that wallet to use it for other things or important matters. You can still retrieve and take your funds even your hardware wallet is broken through Electrum.

I guess the OP says that if you don't have the backup of the wallet then you are dead

Well, he said if the hardware wallet 'stops working' so I assume it could be broken due to a circumstance.

Also I didn't knew about the importing of key from a broken hardware wallet to electrum wallet, should it be from a backup or we can also extract the key from the broken hardware wallet??

You can do that as long as you have the recovery phrase from your hardware wallet, you can use that with Electrum.

[The Cryptovator]

I will prefer to read Binance academy article about What Is a Hardware Wallet (and Why You Should Use One). When you will read this article then you will have realized why should you use hardware wallet. I don't want to argue or describe in details, but holding your crypto in a good hardware wallet is safer than any online or software wallet. Its because private keys aren't revealed and store into secure chip. Most pros is hardware wallet always in offline. If you can't safe your device, seed and private keys by yourself then any wallet isn't safe for you. Lost device or damage doesn't mean you lost your fund, you are able to recover by using another device or software always by seed phrase.

[coolcoinz]

The protection of hardware wallets is much better. It is in a much better position than software wallets. Hardware wallets keep your money safe at all times. Even if you lose your wallet, your entire money will be perfectly safe.

I had a software wallet on a dedicated offline machine for many years without any problems and believe that an offline computer is as safe as a hwardware wallet, provided that you don't have random people living in your house. People who can mess with your hardware is always a dangerous situation for everyone in it, finances, trading, you name it. If your belongings are exposed, like in a dorm room, running anything, be it a hardware wallet or an offline PC is risky, but a hardware wallet will offer more protection in such case.

[o_e_l_e_o]

And what bad do encrypted text files have? Like txts in rars. In a PC that no one ever touched you download Winrar and add to archive the csv file of the private keys. You put a very strong password that can remember. And you save it to different places with a name that isn't suspicious.

Are you doing this on a permanently airgapped computer (i.e. one which is never connected to the internet) with a clean install of an OS? You've just said "download Winrar", which makes me think the answer is no. To add your private keys to an encrypted archive they must first exist on your computer in plain text. Malware can copy those keys and transmit them to a third party now or at any point in the future when internet access is re-established.

There is a reason that every good wallet tells you to back up your seed phrase non-electronically by writing it down on paper.

So.. Same thing with software wallet? But you have to be careful.

Not so. If your software wallet is lost or stolen, then for the majority of cases it will be significantly easier for an attacker to extract your private keys than from a hardware wallet.

[joinfree]

No doubt about that. Cryptocurrency hardware wallets are the safest form of wallets you can come across in this industry. Saving your digital assets on a hardware wallets provide a 99.9% security against it from being hacked by hackers. Mobile wallets are not all that safe as someone can equally exploit a bug in the application and that can make you lose your entire funds totally.

[Darker45]

@Darker45

1. If your hardware wallet stops working, your funds are safe.
2. If your hardware wallet is lost, your funds are safe.
3. If your hardware wallet is stolen, your funds are safe.

All for as long as you still have your seed with you.

So.. Same thing with software wallet? But you have to be careful.

LMFAO!

Well, yeah, if you insist, they're more or less the same thing. The only difference is just that 4-letter word, hard vs. soft. You are saving on a hardware rather than on a software. And yet there is a huge universe of difference between a hardware and a software and the security they imply.

[KrisAlex18]

That's true, a hardware wallet is a safest and secured wallet for me because you are not prone from attacks when you are using hardware compared to online wallets, what we really need to keep the distance is to hackers and hackers are commonly occurred through online transactions, so if you are using an online wallet, you are prone from many attacks from hackers because they will tet to gain access on your account, not like to hardware wallet which they cannot do things to have access on it, the bad thing on using the wallet is when you forgot where did you place it or it has broken.

1. If your hardware wallet stops working, your funds are safe.
2. If your hardware wallet is lost, your funds are safe.
3. If your hardware wallet is stolen, your funds are safe.

All for as long as you still have your seed with you.

That's right, your seed is one of the important things to keep, you have to keep it on your self and never teel to anyone, including your friends.

[jademaxsuy]

LMFAO!

Well, yeah, if you insist, they're more or less the same thing. The only difference is just that 4-letter word, hard vs. soft. You are saving on a hardware rather than on a software. And yet there is a huge universe of difference between a hardware and a software and the security they imply.

Both had risk and it all depend on the owner of the wallet may hardware wallets or online wallets. If i will be holding great amount of crypto then of course will be having a hardware wallet because there are reports of hijacking especially to dxchanges where we could also consider the deposits as wallets.

However having hardware wallets means that would be more safer as it could also be a problem especially in keeping password or private keys one may able to loss it and that would be a disaster.

To avoid problems in the future with wallets then back up should be done so as to give assurance that you may be able to retrieve it again whe  you'll going to need it.

[Negotiation]

Hardware wallets from Software Wallet provide the most secure way to store your cryptocurrency. ensuring that you never have to worry about your tokens being hacked or stolen. Even if your computer is hacked or your wallet is stolen, the thief will be unable to transfer your coins without knowing your passphrase.

Additionally, if you want to lose your hardware wallet, you can always recover your currency in a new wallet. If you want to search cryptocurrency for a long time and ensure maximum security, the way to protect hardware wallets is to protect, it is recommended that coins should not be stored in any exchange wallet for extended periods of time.

[sayulita]

You can do that as long as you have the recovery phrase from your hardware wallet, you can use that with Electrum.

Now this means that I always have to save the copy of my private key somewhere safe at all times because the bitcoins from the hardware wallet are also not recoverable.
But this also jeopardize the safety of the hardware wallet as already there is a copy of the private key out there outside the wallet so higher chances of the funds being stolen. I guess the problem of storing the private key more securely also arises now since we know that the hardware wallet can also stop working at any time or any mishap can happen.

[Mulann2]

I see hardware wallet as flash drive that you store any valuable and important information, hardware wallet is much more safer than any online or offline wallet in storing your funds, all you need do is store your hardware wallet in a safe and secure place where you will remember, as long as you didn't misplace your hardware wallet you have nothing to fear.

[sunsilk]

You can do that as long as you have the recovery phrase from your hardware wallet, you can use that with Electrum.

Now this means that I always have to save the copy of my private key somewhere safe at all times because the bitcoins from the hardware wallet are also not recoverable.

Exactly.

Actually this practice isn't just for hardware wallets but for every non-custodial wallets. Those are the wallets that give you the private keys, seed, or the recovery phrases. So you should practice that of keeping a copy of it whenever you use it to store your balance for a long time. Always create a back-up and it's safer if you won't use the cloud as a backup or any email but handwritten.

But this also jeopardize the safety of the hardware wallet as already there is a copy of the private key out there outside the wallet so higher chances of the funds being stolen. I guess the problem of storing the private key more securely also arises now since we know that the hardware wallet can also stop working at any time or any mishap can happen.

The manufacturers like Ledger don't know our private keys. Read this discussion for clarification.

https://www.reddit.com/r/ledgerwallet/comments/4xgi2t/does_ledger_know_your_private_keys/

[carlisle1]

Why do they say that? Correct me if I'm wrong. Isn't, hardware wallet, a hardware like usb, that generates private keys without being online on the internet?

Why do I not like them? Because, in addition with a txt file that you can encrypt with many ways and save it in many places, if your hardware stops working, you're a dead man. And you're going to fix it somewhere? Not that recommended. If you're a paranoid of course.

Prove me wrong, by not telling me the cons of software wallet. Prove me wrong, by telling me the pros of hardware wallet.

This is one example of the risk hardware wallet can experienced things that just happen now,for how long that there are users of this wallet

https://bitcointalk.org/index.php?topic=5260116.0

Though we still not sure what happens yet if the allegation is true?now US citizen might consider keeping safe their Hardware wallet orders and delivers.

[htsy585]

Why do they say that? Correct me if I'm wrong. Isn't, hardware wallet, a hardware like usb, that generates private keys without being online on the internet?

Why do I not like them? Because, in addition with a txt file that you can encrypt with many ways and save it in many places, if your hardware stops working, you're a dead man. And you're going to fix it somewhere? Not that recommended. If you're a paranoid of course.

Prove me wrong, by not telling me the cons of software wallet. Prove me wrong, by telling me the pros of hardware wallet.

Nope, that's not how hardware wallet really work and indeed it is the best and the most secure set of wallet available in the market. Taking about losing or when the wallet get damaged, there's a way to recover you damage wallet on a new one because each hardware wallet has a recovery seed. Yoy should learn more about how hardware wallet operates

[Sadlife]

You can always plug it in a different computer then your good to go, even if you use your previous computer that was compromised by a malware to steal data they wouldn't manage to steal your Crypto because an hardware wallet has a series of encryption known as private key, child key and grandchildren keys. It would be extremely difficult to guess password/bruteforce unless they have a super computer.

[Lorence.xD]

You can always plug it in a different computer then your good to go, even if you use your previous computer that was compromised by a malware to steal data they wouldn't manage to steal your Crypto because an hardware wallet has a series of encryption known as private key, child key and grandchildren keys. It would be extremely difficult to guess password/bruteforce unless they have a super computer.

That is one of the advantages of hardware wallet, the problem is not the wallet itself, it is the person responsible for it, you might have the safest wallet ever but you are carefree and disregard security of your wallet then it will ultimately defeat the purpose.

[pooya87]

You can always plug it in a different computer then your good to go, even if you use your previous computer that was compromised by a malware to steal data they wouldn't manage to steal your Crypto because an hardware wallet has a series of encryption known as private key, child key and grandchildren keys. It would be extremely difficult to guess password/bruteforce unless they have a super computer.

if you check all the exploits that were fixed in hardware wallets over the years you can see that they really aren't as safe as people think. in other words there are always a lot of ways to steal your coins even if they are in a hardware wallet and you connect it to a compromised computer.

[witcher_sense]

if you check all the exploits that were fixed in hardware wallets over the years you can see that they really aren't as safe as people think. in other words there are always a lot of ways to steal your coins even if they are in a hardware wallet and you connect it to a compromised computer.

Hardware wallets still require software for constructing and broadcasting transactions, I think thats not possible to do things completely offline since bitcoin doesn't work without Internet ptotocols. I was thinking about a hardware wallet that is completely air-gapped, never connects via USB, Coldcard is arguably the best choice, however it still needs to receive partially signed transactions somehow. SD-cards for transfering information may also be compromised and if it is possible to hack hardware that way we also in trouble. In other words, as long as we can't use bitcoin blockchain completely offline, we have to rely on software, no matter how cold our wallets are, there is no truly safe way to broadcast transactions.

[darmanzds]

Hardware wallets are not bad. I like its security system. I enjoy using the hardware wallet for my daily work. I think it's safest in my language. Others may disagree. Hardware wallet best in my case...

[bakasabo]

The protection of hardware wallets is much better. It is in a much better position than software wallets. Hardware wallets keep your money safe at all times. Even if you lose your wallet, your entire money will be perfectly safe.

Take a look here. The guy got a hardware, that was already opened. Who knows what was done with it. Even if you buy it from authorized representative, you dont know what or could the worker has done with the device.

"Even if you lose your wallet, your entire money will be perfectly safe" - you mean saving privatkey or seed phrase on separate paper? But this will just weaken your security. You can lose or something might find and use it.

[witcher_sense]

"Even if you lose your wallet, your entire money will be perfectly safe" - you mean saving privatkey or seed phrase on separate paper? But this will just weaken your security. You can lose or something might find and use it.

What do you mean "back up will weaken security"? If you to lose your hardware wallet and you didn't have backup, then you have no chance to prove the ownership of your coins. That is not back up itself makes security weaken. It basically depends on where you store your back up, how you store it, whether it is encrypted or not, in which form it is, etc. Either way, hardware wallets are used only for signing transactions with private keys derived from your seed phrase, i.e. seed phrase is more important than device storing it.

[20kevin20]

I see hardware wallet as flash drive that you store any valuable and important information,

Except information from flash drives cannot be fully restored using a string of words.

I see hardware wallet as flash drive that you store any valuable and important information, hardware wallet is much more safer than any online or offline wallet in storing your funds, all you need do is store your hardware wallet in a safe and secure place where you will remember, as long as you didn't misplace your hardware wallet you have nothing to fear.

You can literally hand it out to a thief and nothing should happen to it. The thief has 3 attempts to unlock your wallet before the Ledger resets. The only thing you have to take care of is the seed.

[Shasha80]

For me hardware wallets are still the safest way to store Bitcoin. Maybe you consider it unsafe because it doesn't save private keys
in a safe place, do not store private keys in an easily encrypted txt file. And most importantly if you have hardware wallets, don't
forget make recovery seed. So if the hardware stops working, lost, stolen and damaged. As long as we have recovery seeds, you
don't need to worry, because the Bitcoin that we have will be safe.

[o_e_l_e_o]

I was thinking about a hardware wallet that is completely air-gapped, never connects via USB

You can use most hardware wallets with a completely airgapped computer if you want. For example, pair a Ledger device with Electrum on an airgapped computer, and use a watch only Electrum wallet on a live computer to monitor addresses and generate transactions.

You can literally hand it out to a thief and nothing should happen to it. The thief has 3 attempts to unlock your wallet before the Ledger resets. The only thing you have to take care of is the seed.

To the best of our knowledge this is true for Ledger devices, but there could easily exist a yet undiscovered security flaw. I don't think saying you don't need to take care of your device is the best advice. We also know this isn't true at all for Trezor and KeepKey devices. If an attacker has physical access to these wallets, then they can extract your private keys.

[charlesmichel1]

Cold storage is supposed to be the safest methods for holding bitcoin. These wallets are not accessible via the Internet, so they can't be hacked. But there are still some risks about them, if users misplace or forget their private keys, they will lose access to their funds. But it isn't the problem created by a hardware wallet itself.

[pooya87]

I don't think some wallets are more secure than others. There is always a risk.

there are always risks involved in everything but some things are riskier than others.
for example a hardware wallet is a lot more secure than a desktop wallet on an online PC and that is a lot more secure than a web wallet and so on. then we have types that are more or less at the same security level: hardware wallet, cold storage (offline-online setup by user), paper wallets. and the only difference in that case is the difficulty of setup and usage while spending from these.

[witcher_sense]

You can use most hardware wallets with a completely airgapped computer if you want. For example, pair a Ledger device with Electrum on an airgapped computer, and use a watch only Electrum wallet on a live computer to monitor addresses and generate transactions.

I didn't get this part. As far as I know, with watch-only wallets one can only track balances and recieve funds. If I sign a transaction on a completely offline PC with my airgapped hardware, can I broadcast a signed transaction using watch-only wallets? What do you mean under "generating"? It is safe to broadcast an already signed transaction on a compromised online computer?

[bearexin]

Why do they say that? Correct me if I'm wrong. Isn't, hardware wallet, a hardware like usb, that generates private keys without being online on the internet?

Why do I not like them? Because, in addition with a txt file that you can encrypt with many ways and save it in many places, if your hardware stops working, you're a dead man. And you're going to fix it somewhere? Not that recommended. If you're a paranoid of course.

Prove me wrong, by not telling me the cons of software wallet. Prove me wrong, by telling me the pros of hardware wallet.

That’s what they say, but every type of wallet you decide to use has their cons and pros. There are so many wallets that people say are not safe, but I’ve used these wallets and not have any problem with them for one day. Sometimes I wonder if it’s the same way I use these wallets that others are using, because I don’t seem to have any problem with them. It’s just like mobile wallets, I have seen people say a lot, but I make use of them.

You just have to understand what you’re using completely and know the cons and how you can avoid them and you’re good to go. And apart from that there are basic rules you have to follow to ensure that you’re safe in all these.

[o_e_l_e_o]

As far as I know, with watch-only wallets one can only track balances and recieve funds.

You can also use watch only wallets to create, but not sign, a transaction. You can then move these unsigned transactions to an airgapped wallet to sign them, and then back to your watch only wallet to broadcast.

If I sign a transaction on a completely offline PC with my airgapped hardware, can I broadcast a signed transaction using watch-only wallets?

Correct.

It is safe to broadcast an already signed transaction on a compromised online computer?

Yes. If you import an already signed transaction in to a watch only wallet, then it cannot be changed in a way that would result in your coins being stolen.

[yazher]

The hardware wallet is the safest crypto wallet you can use out there because simply you are the one controlling your funds. Unlike web wallets or you simply put your BTC into an exchange, you can't do anything when they suddenly go offline. there are lots of exchanges who suddenly closed and never came back. one of them is Octaex and many others. this is the worse cases and they sometimes happen without a warning. as you can see base on the past history and some statistical analysis, there are many cases of exchanges who got hack than the Hard wallet itself.

[Reid]

This is why in the beginner's section you can still find tips on how you can improve your security.
Here is a good list.
Good topics on security and privacy
CTTO

In my opinion, it will always depend on you.
You can do all the security which was told in the link provided but,  I will still go back to the old school.
Keep that seed in a piece of paper.
Laminate it to avoid getting wet.
Put it somewhere dry and secured.
If you are still paranoid for its security then put another wall which is 2fa.
Now, before they can access your account, they will need your phone and that laminated paper. 

It's not about the hardware wallet. It's about keeping what you did from it.

[pixie85]

The hardware wallet is the safest crypto wallet you can use out there because simply you are the one controlling your funds.

You control your funds on software wallets as well. This is not why a hardware wallet is better! It's better because your computer can be attacked by malware.

A clean and well maintained computer with a software wallet is almost as safe as a hardware wallet.

as you can see base on the past history and some statistical analysis, there are many cases of exchanges who got hack than the Hard wallet itself.

There are more cases of exchange hacks because there are 0 cases of hardware wallet hacks.

Hard wallets are hard for a reason.

[bitbunnny]

Although hardware wallets are the safest types of wallets I prefere to combine multiple types of wallets and not to keep all coins at one place. I think that is the best way to secure my coins. I only avoid online wallets because they have too much security issues.
It's all about your preferences and how much you are aware of vulnerabilities but since scams and attacks become more and more sophisticated we all need to know that there is no absolute security.

[gamer4156]

Hardware wallets are much better than software wallets. The hardware wallet security system is much more modern and improved. It always keeps your private key secret during the transaction. Your private key is opened during the transaction in the software wallet. This is one of the biggest problems to scam your wallet. For this reason hardware wallet is much better than software wallet.





 

[Zackgeno96]

Hardware wallets are much better than software wallets. The hardware wallet security system is much more modern and improved. It always keeps your private key secret during the transaction. Your private key is opened during the transaction in the software wallet. This is one of the biggest problems to scam your wallet. For this reason hardware wallet is much better than software wallet.

If you are having good security on your computer and having your keyboard keystrokes encrypted then your passwords can't be stolen even when you type in your password on a computer with a keylogger installed. So that won't matter much. The main problem that can happen with a software wallet installed on your computer is that if it gets attacked then your wallet.dat file can be downloaded by the attacker which he can compare with the dataleaks from other sites or can even bruteforce the password if it is weak enough.

[BASE16]

The safest wallet is a (stamped) Cryptosteel wallet.
They are safer then a Paper wallet because a paper wallet can burn and probably will not survive being in a liquid for long.
But Paper wallets are safer then Online wallets.
Then there are the Hardware wallets of the USB type i also do not like those they can drop into a liquid or the hardware can get damaged beyond repair.
I see many people on here defending online wallets, but it's all just bullocks.
Many times they will get hacked and the result coin's stolen / lost , these stories pup up all the time.
Sometimes they even get robbed by the ones behind the service.
Other then that remember your keys your coins, not your keys not your coins.
I have seen an instance where some service provider had send out the transaction twice and as a result the party that ordered the coins got funded the double amount they ordered.
This happened to several of their customers which got funded twice their order.
But because these customers had online wallets with the service provider, the selling party then quickly took matters into their own hands and hijacked or 'froze' all their wallets ! until the buying party had deposited back the coins that were overpaid.
Can you imagine this situation ?
You have a rock solid and safe crypto currency system yet because you have online wallet with a service that service can intervene and control your coins.
Just don't take the risk, ever, or you will find yourself in trouble at some point.
It's like disabling the best available security layer and handing out control over your funds to some external party which is a recipe for disaster.
A disaster will be inevitable.

[shoreno]

 creators of those software already think of that before they produce it and before you think of those possibilities .

 never used one but i think they allow several backup options like cloud transfer something like that so that when the hardware got damage or lost , you can be able to restore your keys/coins but most brands are sturdy enough and can handle almost any damages throw to them so lets not be paranoid  and dont buy the generic brand ones   .

[Reatim]

Hardware wallets are much better than software wallets. The hardware wallet security system is much more modern and improved. It always keeps your private key secret during the transaction. Your private key is opened during the transaction in the software wallet. This is one of the biggest problems to scam your wallet. For this reason hardware wallet is much better than software wallet.

But what about the case that tackled recently here?that His hardware wallet is being Hold by authorities?
i know that this is isolated case yet alarming right?

A hardware wallet stores the user's private keys in a secure hardware device. They have major advantages over standard software wallets: private keys are often stored in a protected area of a microcontroller, and cannot be transferred out of the device in plaintext.

But no doubt that this is the safest wallet cryptonian ever had.

In this wallet we are totally secured because we are holding our funds in our own way,not like software wallets that hackable.

[Salamstar]

Why do they say that? Correct me if I'm wrong. Isn't, hardware wallet, a hardware like usb, that generates private keys without being online on the internet?

Why do I not like them? Because, in addition with a txt file that you can encrypt with many ways and save it in many places, if your hardware stops working, you're a dead man. And you're going to fix it somewhere? Not that recommended. If you're a paranoid of course.

Prove me wrong, by not telling me the cons of software wallet. Prove me wrong, by telling me the pros of hardware wallet.

Yes, that's right .. We are always looking for the safest way to save our encrypted currencies, but there are always pros and cons for each type of hot or cold wallets .. I consider the advantages of cold wallets somewhat more than their negatives, unlike hot wallets that can be penetrated and stolen easily.

[coinfinger]

Why do they say that? Correct me if I'm wrong. Isn't, hardware wallet, a hardware like usb, that generates private keys without being online on the internet?

Why do I not like them? Because, in addition with a txt file that you can encrypt with many ways and save it in many places, if your hardware stops working, you're a dead man. And you're going to fix it somewhere? Not that recommended. If you're a paranoid of course.

Prove me wrong, by not telling me the cons of software wallet. Prove me wrong, by telling me the pros of hardware wallet.

Just use whatever you think works for you, as long as you understand very well how it works. And for someone to hack your wallet they will need some vital information on you, they don’t just mysteriously figure out everything about your address and wallet and then bump in like magic, no it doesn’t work that way. That’s why you have to be careful with the ways you deal with things online.

You have to be careful about where you post your info like email, crypto address, replying spam emails/ unsolicited mails, etc. Just stay on your line and you will be safe.

[KnightElite]

I have bitcoins since 2016 and I used different bitcoin wallet especially online wallet since then. I still do not experienced any issues like hacking or losing my bitcoin so I conclude that online wallet are also safe but make sure that if the online wallet that you will use popular, reliable and have high security that you can ensure that your funds are safe.

For those people who actively accessing their bitcoins, online wallets are what you need because it is easy to access but if you are a long term hodler or when you are passively accessing it then hardware wallet is what you need.

[XCANA]

Hardware wallet has the capacity to generate the private keys offline while others can't do for security purpose. This wallet is the best anyone can have to store up their holdings, either on a short-term or on a long-term purpose. Currently, am using this same wallet because its saves me the stress from watching over my holdings every time I heard about a breach of security on exchanges.
Though, other wallets are good for use only if the holdings won't be more than 1bitcoin.

[angrybirdy]

Why do they say that? Correct me if I'm wrong. Isn't, hardware wallet, a hardware like usb, that generates private keys without being online on the internet?

Why do I not like them? Because, in addition with a txt file that you can encrypt with many ways and save it in many places, if your hardware stops working, you're a dead man. And you're going to fix it somewhere? Not that recommended. If you're a paranoid of course.

Prove me wrong, by not telling me the cons of software wallet. Prove me wrong, by telling me the pros of hardware wallet.

If your hardware stops working, there is an option where you can restore your wallet from the recovery phrase. Maybe you don't fully know hardware wallets that's why you don't like it or maybe you still don't get one to try if it is really the safest or not.

[Rengga Jati]

The reason why the private key can be easily stolen, is one of the reasons why bitcoin will never be a standard currency.

Standard currency!! What do you mean? Please explain to me what standard you are telling about. AFAIK, Bitcoin has a criteria to be a currency and its goal is to be an electronic currency exactly, you can see it on Bitcoin whitepaper: https://bitcoin.org/bitcoin.pdf. About private key, "safe or not" it completely depends on the user. If you can manage it correctly, then there is no problem with the security. FYI, I have stored my Bitcoin for years both on hardware and online wallets, until now there is no problem at all.

[Janation]

Hardware wallet has the capacity to generate the private keys offline while others can't do for security purpose. This wallet is the best anyone can have to store up their holdings, either on a short-term or on a long-term purpose. Currently, am using this same wallet because its saves me the stress from watching over my holdings every time I heard about a breach of security on exchanges.
Though, other wallets are good for use only if the holdings won't be more than 1bitcoin.

If we will be talking about the safest wallet, no doubt it will be the cold storage or the hardware wallets.

A lot of hacks happened with a lot of hot storages and I don't know why they never learn to save them in a storage not connected to the internet. As I always says it, the flaw of the most secure and safest wallet is its users since they are the one taking care of it. Hardware wallets dont have their own thought of taking care of itself.

[Debonaire217]

Your statement about if the hardware gets broken or missing, you can still recover your account. How? Through your recovery phrases, you can still use it to open your wallets.

What I like about using a hardware wallet is when we are transacting, some other types of wallet allows us to view our private key and information that are critical. Hardware wallets don't allow that. So, many malware couldn't screenshot this critical information. Lastly, you cannot make transaction easily if you don't have the hardware ready. There are tons of other features with hardware wallet, it isn't just the security that makes it top of the line, but also, they have softwares made for the hardware itself and I find it User friendly because it is easy to use from desktop to mobile.

[Negotiation]

Hardware wallets are really much safer This can be complicated if your computer is compromised by malware or viruses designed to steal your private keys through Keylogger They are also useful against phishing scams who steal your private keys. But if you're using a hardware wallet you won't even see your own private keys These are actually stored on the device itself then you can access your wallets through the PINs that physically enter the device The pin is of course your own choice.

But security doesn’t stop there If your wallet is ever lost stolen or damaged you'll be able to easily recover it using a list of seed words you created when you set up the device. You will be provided with a card for this purpose The transaction is much easier.

[AakZaki]

Just use whatever you think works for you, as long as you understand very well how it works. And for someone to hack your wallet they will need some vital information on you, they don’t just mysteriously figure out everything about your address and wallet and then bump in like magic, no it doesn’t work that way. That’s why you have to be careful with the ways you deal with things online.

You have to be careful about where you post your info like email, crypto address, replying spam emails/ unsolicited mails, etc. Just stay on your line and you will be safe.

Hiding all personal information about wallet, e-mail and other addresses is possible. But the use of devices that are not careful and are always connected to the internet will certainly still be risky to be hacked. There are many ways that hackers can do to hack the device you have.

Using an online wallet, desktop wallet or hardware wallet is indeed everyone's choice. Good security depends on the user. But at least the use of hardware wallet is safer than other wallets. the most important thing is to stay careful and be vigilant so it is not easily hacked

[Yatsan]

At the perspective of storing offline which is away from potential hackers that spread on the internet, yes using hardware wallet is what we can claim to be the safest wallet compared to the online wallets. Well actually both online and offline wallets can be both safe as long as the owner or holder is responsible enough on storing his/her information and account. It is really nonsense to just depend all on the type of wallet you were currently using if you were not the responsible to take good care of your wallet's information. The safety of the account and wallet starts from its owner and holder. Wallets are tangible and intangible things that has no life so it is really dependent on the owner to take good care of its safety. Whether what wallet you are up to, the safest way you can protect it must start up on you. Whether online or offline (hardware) wallet you are using, it will remain safe if you take good handle on your personal and private information and secure that all things are keep in tack.

[Shimmiry]

Hardware wallets are really much safer This can be complicated if your computer is compromised by malware or viruses designed to steal your private keys through Keylogger They are also useful against phishing scams who steal your private keys. But if you're using a hardware wallet you won't even see your own private keys These are actually stored on the device itself then you can access your wallets through the PINs that physically enter the device The pin is of course your own choice.

But security doesn’t stop there If your wallet is ever lost stolen or damaged you'll be able to easily recover it using a list of seed words you created when you set up the device. You will be provided with a card for this purpose The transaction is much easier.

A hardware wallet such as Trezor and Ledger have secured wallets that it will be difficult for hackers to access your wallet. As long as you don't download any malware and viruses on your computer, you avoid clicking phishing sites or links. That is why all you need to do is keep your private keys and hardware wallets safe so that no one can have access to your portfolio.

[Chesuta123100]

Why do they say that? Correct me if I'm wrong. Isn't, hardware wallet, a hardware like usb, that generates private keys without being online on the internet?

Why do I not like them? Because, in addition with a txt file that you can encrypt with many ways and save it in many places, if your hardware stops working, you're a dead man. And you're going to fix it somewhere? Not that recommended. If you're a paranoid of course.

Prove me wrong, by not telling me the cons of software wallet. Prove me wrong, by telling me the pros of hardware wallet.

Well if your hardware wallet is lost, stolen or damaged, you can easily and securely recover all of your cryptoassets, as long as you have access to the 12, 18 or 24 word recovery seed. ... In this case, you can just recover your cryptoassets by importing the recovery seed into the replacement hardware wallet.

[syedakhlaque]

The hardware wallet provides better safety compared to normal wallets. The seed for hardware wallets is provided by some manufacturing companies. It means that the record copy is present somewhere. If your hardware wallet is damaged for some reason then you can use an alternative wallet using these seeds. But it is also the fact that some hardware wallets are based on securing chips which creates many differences &  better scurities to them.

[kucritt]

yes you are right, if the hardware wallet broken, you will lose all of your bitcoin, so there are many people that use hardware wallet for investing in a very very long time, so they dont use it everyday, and every time,
if you want to use it everytime i think the software wallet is a better choice than hardware wallet

[omone1]

At present the hardware wallet is the safest, I currently use Safepal Hardware wallet, I just authenticate and sign transaction offline by scanning my phone and my harware device using QR code. I keep the fund I don't need online there and store my stable coins there too.

[taufik123]

At present the hardware wallet is the safest, I currently use Safepal Hardware wallet, I just authenticate and sign transaction offline by scanning my phone and my harware device using QR code. I keep the fund I don't need online there and store my stable coins there too.

Safepal hardware wallet is proven safe and I also use it nowadays for my personal wallet. Transactions are completely safe and require a QR barcode scan to approve the transaction and enter the special code that has been created.
Safepal hardware wallets are even sold at quite affordable prices and anyone can have one.

[wence1975]

yes you are right, if the hardware wallet broken, you will lose all of your bitcoin, so there are many people that use hardware wallet for investing in a very very long time, so they dont use it everyday, and every time,
if you want to use it everytime i think the software wallet is a better choice than hardware wallet

Not true you are not losing anything

[glendall]

I think HW and SW wallets are the same if they get extra treatment in storing the keys, as well as the relationship between wallets
sometimes without realizing we enter the phishing web that makes our wallets insecure
so the point is that the HW and SW wallets are equally good in terms of storage quality

[nelson4lov]

I think HW and SW wallets are the same if they get extra treatment in storing the keys, as well as the relationship between wallets
sometimes without realizing we enter the phishing web that makes our wallets insecure
so the point is that the HW and SW wallets are equally good in terms of storage quality

I'm not really sure but based on what I've read (reviews) and also what I've heard people say is that HW are much more secured than their software counterpart. That said, I've personally felt that HW are better anyway in terms of security but I don't know since I haven't tried one myself. But my experience with SW wallet like trust wallet haven't been that good considering I was hacked before and I haven't in anyway participated in phishing activities or careless with my priv keys. Haven't heard a similar experience like that with HW.

[dunfida]

I think HW and SW wallets are the same if they get extra treatment in storing the keys, as well as the relationship between wallets
sometimes without realizing we enter the phishing web that makes our wallets insecure
so the point is that the HW and SW wallets are equally good in terms of storage quality

I'm not really sure but based on what I've read (reviews) and also what I've heard people say is that HW are much more secured than their software counterpart. That said, I've personally felt that HW are better anyway in terms of security but I don't know since I haven't tried one myself. But my experience with SW wallet like trust wallet haven't been that good considering I was hacked before and I haven't in anyway participated in phishing activities or careless with my priv keys. Haven't heard a similar experience like that with HW.

When it comes to security aspect then nothing beats out HW but it would really still be having that risk and this one involves hardware malfunction or losing that HW of yours.
Based up also on my own experience i havent really getting hacked nor being scammed or something like that on just using non custodial ones. All you do need to have is

common sense and awareness on how security should really be concern most of the time so that you would really able to save up your ass.

[Ryker1]

yes you are right, if the hardware wallet broken, you will lose all of your bitcoin, so there are many people that use hardware wallet for investing in a very very long time, so they dont use it everyday, and every time,
if you want to use it everytime i think the software wallet is a better choice than hardware wallet

Not true you are not losing anything

Well I also agree that this is not true, --hardware wallet is the safest wallet among them all.
If in case your hardware wallet was broken and cannot be used, just buy another hardware wallet and transfer your seed there. As long as your private key is safe, your hardware wallet can be recoverable anytime. So, the most important thing is your private key, just make sure it keeps it safe and store it in a safe place where no one knows except you.

[nelson4lov]

^Snipped

When it comes to security aspect then nothing beats out HW but it would really still be having that risk and this one involves hardware malfunction or losing that HW of yours.

Based up also on my own experience i havent really getting hacked nor being scammed or something like that on just using non custodial ones. All you do need to have is

common sense and awareness on how security should really be concern most of the time so that you would really able to save up your ass.

For someone that has been in crypto dor years now, I've had my fair share of SW. I started out from MyEtherWallet even though there was high phishing and hacking incidents at the time, not once was my wallet compromised and I've used others like Metamask which I think is a very secure SW wallet by the way. But trust wallet? Not so much. I don't know but I feel some of these SW might have a bug that can get them easily compromised but it's not the case with HW.

[qory]

I can prove you are wrong because as I can see you don't have enough knowledge about the hardware wallet where you think that losing the hardware itself will the lose of all your wallets and money on it where in fact the wallet generates a 24 backup phrase where using this phrase will have an access to your wallet even using a software wallet.

[virasog]

Why do they say that? Correct me if I'm wrong. Isn't, hardware wallet, a hardware like usb, that generates private keys without being online on the internet?

Why do I not like them? Because, in addition with a txt file that you can encrypt with many ways and save it in many places, if your hardware stops working, you're a dead man. And you're going to fix it somewhere? Not that recommended. If you're a paranoid of course.

Prove me wrong, by not telling me the cons of software wallet. Prove me wrong, by telling me the pros of hardware wallet.

There are two things to be taken care of in case you have a hardware wallet.

1. To hardware wallet itself
2. The private key associated with that hardware wallet

Now if the hardware wallet is lost, you can buy a new hardware wallet and restore ur coins with private key. If the private key is lost or compromised, then all your funds are gone.

[oemar bakrie]

my experience has happened,, for about a year, bounty projects often have to make a hardware wallet.. and there it is actually safe,, because only on our computer system to be able to access,, but it's all lost for nothing,, because of the computer that I have broken and there I am.lost it all.and now I'm not really into hardware wallets..

[syedzakir]

Hardware wallet is safe as it it's not accessible to the hackers because of no connectivity to the internet. Sono one can steal your until he or she gets your hardware wallet.
But it is having some drawbacks as well as
Firstly as hardware wallet are actually electronic devices so they can be damaged by different factors.
Secondly if someone steals it then you are going to lose all of your assets and they would not be needing any key phrase to open it.

[wajik-tempe]

Hardware wallet is safe as it it's not accessible to the hackers because of no connectivity to the internet. Sono one can steal your until he or she gets your hardware wallet.
But it is having some drawbacks as well as
Firstly as hardware wallet are actually electronic devices so they can be damaged by different factors.
Secondly if someone steals it then you are going to lose all of your assets and they would not be needing any key phrase to open it.

Both have advantages and disavantages between hardware and online wallet. But if we have big amount of money in crypto it's better to save it in hardware wallet because it's easier to save it from physical danger rather than hack from the hackers because big amount of wallet must be targeted by the hackers.
Seperating assets into multiple wallets is also highly recommended in crypto because if anything happen to one, we still have another backup at least.

[tygeade]

Why do they say that? Correct me if I'm wrong. Isn't, hardware wallet, a hardware like usb, that generates private keys without being online on the internet?

Why do I not like them? Because, in addition with a txt file that you can encrypt with many ways and save it in many places, if your hardware stops working, you're a dead man. And you're going to fix it somewhere? Not that recommended. If you're a paranoid of course.

Prove me wrong, by not telling me the cons of software wallet. Prove me wrong, by telling me the pros of hardware wallet.

Well, you can’t have 100% of everything. When it comes to being safe, hardware wallets are very safe than other type of wallets that you are going to see. When your money is stored in a hardware wallet there is no way that it would be hacked easily As they would other wallets. The only disadvantage is that when you lose it your coins are gone, and that is why I said that you can’t have 100% of everything.

Everything that has an advantage is always going to have the bad part of it. It’s just up to you to be aware of those disadvantages, and be careful and try to avoid them as much as possible. Personally I’ve not used a hardware wallet, and have never had any issues at all.

[Agbe]

What do you mean by hardware wallet? In a computer system there are two types of wares. Hardware and software. Hardware are those things one can see, touch and feel while the software are those things one can not touch but can see and feel only. Therefore, any thing in the computer, be a application, file, folder and wallet etc are categorized as a software because you can not touch them. So if you ask me hardware wallet I will say that the wallet us used while going to market, boutiques in our pocket. As for me particular, the wallet we put in our pocket is known as hardware wallet.
But that not withstanding, if there is a wallet in the system called hardware wallet it can't be authentic as software wallet. I will strongly believe that, software wallet is more secure than to the so call hardware wallet, because hardware wallet will be just like physical wallet which is easily to operate and steal. But the software wallet is not easy to operate by anyhow person and it is not easy to steal because it is well locked with key.

[zasad@]

What do you mean by hardware wallet?

Look at this list, I did not find a link to the English version from Ratimov
https://bitcointalk.org/index.php?topic=5282371.0
The biggest advantage of a hardware wallet is that it is perfectly protected from viruses. The hardware wallet is also well protected from theft if you use the 25th word or passphrase.Users lose money because they neglect security due to various inconveniences.

[Marvell1]

What do you mean by hardware wallet?

Look at this list, I did not find a link to the English version from Ratimov
https://bitcointalk.org/index.php?topic=5282371.0
The biggest advantage of a hardware wallet is that it is perfectly protected from viruses. The hardware wallet is also well protected from theft if you use the 25th word or passphrase.Users lose money because they neglect security due to various inconveniences.

Hardware wallets will avoid hacker or virus attacks when your computer is hacked, that's the biggest advantage I've seen with hardware wallets. 25th word or passphrase as far as I know there are some software wallets that have also applied them. As far as I remember correctly, the Safepal software wallet gives the option to the user with a 13th word or a passphrase when the user has a need for more security. And if you accidentally forget or lose them, it also means that the other 12 words will not be able to help you get your property back.

[haasanjui]

Many of scams are happen with internet. Hackers use many of apps and websites to access device and Wallets. Apps and devices are connected with internet so they easily access wallet account. Hardwere Wallets are offline devices they are not connected with internet and you also can't use apps and websites in hardwere wallet so hackers can't access hardwere wallet.