Is a hardware wallet really worth it?

[ramona44]

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[Dhoe]

if I think hardware wallets are really valuable, because if I don't have a hardware wallet, maybe I will have a hard time controlling my bitcoins, hardware wallets make it easy for me in every way, I am very grateful, to hardware wallets..

[DdmrDdmr]

<…>

I personally wouldn’t put much of a threshold to mark from what value in crypto (not just BTC) onwards a given hardware wallet makes sense. If you can buy one do so. It gives you peace of mind (to a large degree), and though there are still a bunch of security aspects to ponder (upgrading the firmware every now and then, which accompanying software to use, passphrase yes/no, where and how to store your mnemonic, etc.), it does enhance noticeably your assurance that your private keys are well protected.

[Bitcoin Seller]

Hello all, I've been thinking of buying a hardware wallet to store my Bitcoin in (ColdCard), but I'm not sure if it's really worth it.

First of all, what are the advantages of using a hardware wallet, and is it really worth it?
I know security is one of them, but other than that, is there anything else?

And finally, Is the ColdCard a good choice? I'm looking to store Bitcoin only.

Regards, excro  

When we are talking about wallets, security is the main point. All your bitcoin will belong to you in case of a cold wallet, as opposed to exchanges when you just give them your money, which means you practically don’t own it. What is more, even if you lose your cold wallet, but you still remember the seed phrase, you can restore your assets. In terms of a coldcard, I am not familiar with such a cold wallet. I use a ledger and I am very satisfied with it. It is very convenient for storage.

[imstillthebest]

First of all, what are the advantages of using a hardware wallet, and is it really worth it?
I know security is one of them, but other than that, is there anything else?

other than being more secure than the common wallets , its other advantage is your going to see , feel or touch your wallet for real and that is something that you cannot do if youv been using online wallets all the time .

And finally, Is the ColdCard a good choice? I'm looking to store Bitcoin only.

never heard of that wallet and i assume its a online wallet ? sory but i think its not a good choice at the moment  . we all want to store a bitcoin but we only want the best and the most secure wallet .
 you can move on a more popular wallet and you can also upgrade to a hardware wallet .

[pawanjain]

A hardware wallet is certainly the most secure way of holding your cryptocurrencies. You can buy it if you think you are not that good with security.
If you hold more than $500 of coins and you are planning to hold it for a long term then you can consider holding your coins in a hardware wallet.
On the other hand, if you are geek and if you are very good at security then I dont think there's a need for you to purchase a hardware wallet although it provides additional security than any other way of holding cryptocurrencies.
So it all depends on your needs and yourself.

[excro]

And finally, Is the ColdCard a good choice? I'm looking to store Bitcoin only.

never heard of that wallet and i assume its a online wallet ? sory but i think its not a good choice at the moment  . we all want to store a bitcoin but we only want the best and the most secure wallet .
 you can move on a more popular wallet and you can also upgrade to a hardware wallet .

The ColdCard is not an online wallet, this post is about hardware wallets, why would i ask about an online wallet?

[zanezane]

Yes it's totally worth it, remember that you need to keep all your crypto assets safe as much as possible so I think that you have no other way besides the fact that you have to go for it because if you have a growing number of assets in your possession, storing them online is the worst thing that you can do because, not only you're endangering your assets from being stolen by attacks that's prevalent on this types of storage sites. Remember these phrase: "Not your keys, not your coins."

[RapTarX]

In hot wallet- when you are sending fund, you are connected with the internet and risking your private key to be stolen
In hardware wallet for example, Ledger- you are sending fund in a way which didn’t risk your private key to be stolen.
Which one makes you feel secured better? Of course with hardware wallet. It worths if you have a few hundreds USD worth of BTC in my opinion. Why would you risk the amount? Hardware wallet is one time investment. After all, it worths to have one.

[bitzizzix]

advantages hardware wallets are more secure and less vulnerable to computer viruses and malware, which ensures more secure transactions.
The private key is only entered on the encrypted hardware, which keeps it from being exposed to other people and devices and prevents it from being hacked, and besides being able to carry out online transactions even if they are offline more often. There are many advantages to using hardware and apart from that there are several different types of crypto wallets available today and by knowing the advantages and disadvantages of each, you can determine which wallet is right for your needs.

[stomachgrowls]

advantages hardware wallets are more secure and less vulnerable to computer viruses and malware, which ensures more secure transactions.
The private key is only entered on the encrypted hardware, which keeps it from being exposed to other people and devices and prevents it from being hacked, and besides being able to carry out online transactions even if they are offline more often. There are many advantages to using hardware and apart from that there are several different types of crypto wallets available today and by knowing the advantages and disadvantages of each, you can determine which wallet is right for your needs.

The only thing you do need to consider when you do have HW is to mind off on protecting the hardware.
It is still on the risk of;

Getting Lost
Hardware malfunction/Totally physically damaged


This is why you should still consider of these things but in terms of security then this is way far off better when dealing
on wallet online but it doesnt matter though as long you do know to handle yourself and with your wallets keys
then that would be enough.

[imstillthebest]

And finally, Is the ColdCard a good choice? I'm looking to store Bitcoin only.

.

The ColdCard is not an online wallet, this post is about hardware wallets, why would i ask about an online wallet?

geez , sorry for that , i missunderstood your post  . coldcard seems a secure hardwallet too based on the reviews that i read but its disadvantage can be its size because its a bit bigger and possibly a little heavy than than other competitors .
the coin support only shows one and that is btc but i think there are other hardware wallets that supoorts more than one coin .

[Pom_bensin]

Hello all, I've been thinking of buying a hardware wallet to store my Bitcoin in (ColdCard), but I'm not sure if it's really worth it.

First of all, what are the advantages of using a hardware wallet, and is it really worth it?
I know security is one of them, but other than that, is there anything else?

And finally, Is the ColdCard a good choice? I'm looking to store Bitcoin only.

Regards, excro  

I only suggest you to have a nano ledger. I've been using nano ledger for 4 years and it's still safe to this day. for security it is definitely safe because it is not easy to hack like an online wallet.
the advantage is that we can control our assets at any time, and we can freely control these assets

[Sanugarid]

Hello all, I've been thinking of buying a hardware wallet to store my Bitcoin in (ColdCard), but I'm not sure if it's really worth it.

First of all, what are the advantages of using a hardware wallet, and is it really worth it?
I know security is one of them, but other than that, is there anything else?

And finally, Is the ColdCard a good choice? I'm looking to store Bitcoin only.

Regards, excro  

If it's for the safety of your assets, then it is definitely worth buying for. Moreover, having a hard wallet is also a good investment for your BTC and any coin you currently hold since it gives you assurance and peace of mind when it comes to your assets.

[Kakmakr]

I want to say ...Yes, but after buying several different hardware wallets, I am not 100% sold on the idea. The reason for this is the following :

1. Be prepared to deal with "buggy" firmware upgrades. (My first experience with the Ledger Nano was horrible)
2. The proprietary software from the wallet providers can be a challenge to some. (It is not widely supported with browser plugins)
3. Crack the little screen on the hardware wallet and it is rendered useless. (Tokens are not gone, because you still have the Seed)
4. Extra cable to look after and to carry around, if you move around with your hardware wallet.

These are just some of the challenges that I experienced with my hardware wallets, but I guess it is still one of the most secure ways to store your tokens.  

[Kong Hey Pakboy]

If you value your assets not getting lost because of online hacks in online storages, then you should probably consider buying at least one of them because who knows when will an attack or a hack happen to you, better safe than sorry.

[Cvetik56]

It's absolutely worth it. Security is a big thing especially if you holding a big amounts of BTC. Never spend not enough money of your security.

[molsewid]

A hardware wallet is certainly the most secure way of holding your cryptocurrencies. You can buy it if you think you are not that good with security.
If you hold more than $500 of coins and you are planning to hold it for a long term then you can consider holding your coins in a hardware wallet.
On the other hand, if you are geek and if you are very good at security then I dont think there's a need for you to purchase a hardware wallet although it provides additional security than any other way of holding cryptocurrencies.
So it all depends on your needs and yourself.

For me hardware wallet is the safest wallet where we can store our assets even if we are just planning to keep it for a short term or for a long term and even if I have a not so big assets I will going to transfer it to my hardware wallet no matter what simply because I am caring for my hard earned assets. It's just that simple reason why we are considering hardware wallet and it's for the secureness of our funds. This is also the other way around for a not at good digital security of their assets, it's always better be safe than sorry.

[xSkylarx]

If you value your assets not getting lost because of online hacks in online storages, then you should probably consider buying at least one of them because who knows when will an attack or a hack happen to you, better safe than sorry.

Agreed, hardware wallets were unknown a long time ago, but because of the new hacking styles, even if it was just a simple phishing and social engineering, there will be getting hacked. Also, hardware wallets are good to keep because, in the past, they would tell you to write your seed phrase on a piece of paper and store it somewhere safe, but now it is easy to lose or misplace it because it is so small, so here are the hardware wallets, which are far superior to traditional ones. If you have enough money, you should purchase one for your own security.

[witcher_sense]

Agreed, hardware wallets were unknown a long time ago, but because of the new hacking styles, even if it was just a simple phishing and social engineering, there will be getting hacked. Also, hardware wallets are good to keep because, in the past, they would tell you to write your seed phrase on a piece of paper and store it somewhere safe, but now it is easy to lose or misplace it because it is so small, so here are the hardware wallets, which are far superior to traditional ones. If you have enough money, you should purchase one for your own security.

Of course, they were unknown. Hardware wallets had not existed before the creation of bitcoin because no one thought that we would ever have something digital that would serve as reliable savings technology. Later, it became clear that we actually need a tool to manage our keys relatively safely. Hardware wallets proved to be suitable for most people regardless of the level of their technical competence. No matter how experienced you are in terms of interactions with cryptocurrency space, in most cases you're gonna be better off using hardware wallets instead of software or web-based solutions. However, it doesn't mean you should use a hardware wallet as "a physical backup" of your seed phrase. Ideally, it should be kept separately from your hardware wallet. The backup should be written down on a piece of paper or, for example, engraved on a more durable thingy such as stainless steel plate.