They say hardware wallets are the safest

[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.