Buy a cold wallet or buy BTC

[DdmrDdmr]

<…> On the other hand, I don't have any wealth, so I was never attracted to an HW wallet.

When I started off, after reading around the forum for a few days as a novel newcomer to all this, the first thing I did was to go off and purchase a hardware wallet, not knowing really what I was going to protect with it down the line, but pretty convinced that is should be something to acquire before getting any crypto.

I understand though that, for some people, the price may be considered steep (depending on their income, which is related to their country of residence), and they may see it as a luxury in a sense, seeing a better trade-off in buying BTC instead.

[joker_josue]

<…> On the other hand, I don't have any wealth, so I was never attracted to an HW wallet.

When I started off, after reading around the forum for a few days as a novel newcomer to all this, the first thing I did was to go off and purchase a hardware wallet, not knowing really what I was going to protect with it down the line, but pretty convinced that is should be something to acquire before getting any crypto.

I understand though that, for some people, the price may be considered steep (depending on their income, which is related to their country of residence), and they may see it as a luxury in a sense, seeing a better trade-off in buying BTC instead.

In my case I never felt a need for a HW wallet, perhaps because of the conservative way I use BTC. So, I ended up never investing in a HW wallet, recognizing that it would be something useful to have. But I was born in Bitcoin when these things didn't exist or at least weren't very common, which ends up influencing this situation.

But I really have to invest in it. I just don't know if it will be in this wave of discounts... because they aren't even big discounts. Ledger even has an interesting one, which you can return in BTC. But this return is going to require some kind of KYC, which I'm not sure I feel like doing.

[CoinEraser]

-snip- But I really have to invest in it. I just don't know if it will be in this wave of discounts... because they aren't even big discounts. Ledger even has an interesting one, which you can return in BTC. But this return is going to require some kind of KYC, which I'm not sure I feel like doing.

Currently you can win a ledger hardware wallet here in the forum. Join in and maybe you'll be lucky and win one. I also won a wallet a few weeks ago. It's worth a try. I wish you the best of luck. 

Link: [FREE RAFFLE] Betnomi Cold Wallet - 4 round 🦊

[Hamza2424]

Wow thats a hard choice haha 😂 i think i can give some of the suggestions over There lets calculate some figures.

On Sales you can get 50% discount lets suppose and you spend a value on it now compare today's BTC price on 60% + Off so which one ia better deal buy now then hold then sell in next year same black friday you own 5x of investment and you can buy Cold wallet. Hows it as if you buy now then you lose 5x easily + what to do with wmpty storage.

[Woodie]

At this time of Black Friday, there are usually some promotions, even interesting ones. And some cold wallet companies are running promotions.

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

Definitely the perfect time to get your discounted hardware wallet, but if buying such a wallet isn't a priority then I would advice to skip this accusation and go with the option of  buying extra coins to grow your crypto portfolio as coins don't really need fancy storage beside your valuable private key.

[The Cryptovator]

If I were you, I would buy a hardware wallet instead of Bitcoin if I had the money. In my opinion, storing Bitcoin in the right place is more important than purchasing Bitcoin. If I don't already have the hardware wallet, I won't let left take advantage of the Black Friday deal. However, I have already won a hardware wallet for storing my cryptocurrency assets. If you buy a hardware wallet on Black Friday, it won't cost you much. So take advantage of the situation.

[DdmrDdmr]

<…> Ledger even has an interesting one, which you can return in BTC. But this return is going to require some kind of KYC, which I'm not sure I feel like doing.

Trezor is offering up to (the darn up to again) 30% off these days, whilst Ledger is offering either 20$ or 30$ in BTC, depending on the model. Nevertheless, as you mentioned, there is a potential KYC:

Is there any screening done on the BTC address I provide?
Payments in BTC are done by one of our service providers, they may conduct a KYC analysis on your BTC address.

https://shop.ledger.com//pages/ledger-black-friday-promotion-terms-and-conditions

They don’t mention any further details to enable the reader to get an idea of how probable the "may" part is, not the specific service provider, which is obviously not themselves. When I tried to look into it further for my local board, I saw that the BTC redemption is through the refer-a-friend procedure, though neither the KYC trigger nor the procedure are described there. KYC is not something one would really wish for.

[Rana590]

At this time of Black Friday, there are usually some promotions, even interesting ones. And some cold wallet companies are running promotions.

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

Definitely the perfect time to get your discounted hardware wallet, but if buying such a wallet isn't a priority then I would advice to skip this accusation and go with the option of  buying extra coins to grow your crypto portfolio as coins don't really need fancy storage beside your valuable private key.

If it is not big amount then it is wiser decision to not go for hardware wallet. You right that it will help to grow portfolio by the amount of hardware wallet. There are a lot of big investors who are storing crypto without hardware wallet. Anyone can store crypto in different personal wallet for more safety.

[joker_josue]

<…> Ledger even has an interesting one, which you can return in BTC. But this return is going to require some kind of KYC, which I'm not sure I feel like doing.

Trezor is offering up to (the darn up to again) 30% off these days, whilst Ledger is offering either 20$ or 30$ in BTC, depending on the model. Nevertheless, as you mentioned, there is a potential KYC:

Is there any screening done on the BTC address I provide?
Payments in BTC are done by one of our service providers, they may conduct a KYC analysis on your BTC address.

https://shop.ledger.com//pages/ledger-black-friday-promotion-terms-and-conditions

They don’t mention any further details to enable the reader to get an idea of how probable the "may" part is, not the specific service provider, which is obviously not themselves. When I tried to look into it further for my local board, I saw that the BTC redemption is through the refer-a-friend procedure, though neither the KYC trigger nor the procedure are described there. KYC is not something one would really wish for.

Well, I noticed that too! So as the information is not very clear in this regard, there is a doubt as to what will be involved in order to actually receive this bonus. Then start looking at this promotion with greater doubts.

As for Trezor, I've heard it's less secure...

Currently you can win a ledger hardware wallet here in the forum. Join in and maybe you'll be lucky and win one. I also won a wallet a few weeks ago. It's worth a try. I wish you the best of luck. 

Link: [FREE RAFFLE] Betnomi Cold Wallet - 4 round 🦊

Thanks for the tip! You can always get something. 

[stomachgrowls]

At this time of Black Friday, there are usually some promotions, even interesting ones. And some cold wallet companies are running promotions.

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

Why not?

If you are holding huge number or chunks of coins then it would really be ideal or much preferable on buying these cold storages considering that when it comes to safety of our coins
then i wont really be having those doubts compared when those keys are exposed or keep hidden via on a paper or even on my air gapped pc or device.
If it turns out that it is already that cheap or even not in sale, then it is really that always been recommended.

[OcTradism]

About having HW or not, this question is also interesting. This is because I have always been very conservative and kept BTC in my own wallets (Bitcoin Core / Electrum) - always in self custody.

Electrum and Bitcoin Core wallets are both good to start especially Electrum wallet that is very light in storage. However if you want more privacy, by running your full node, you should use Bitcoin Core wallet instead of Electrum wallet

On the other hand, I don't have any wealth, so I was never attracted to an HW wallet.

Of course, Hardware wallets are what you should buy and use if you have enough budget for them. If you have big capital and say no to hardware wallet, it is a bit odds. If you buy hardware wallets, let's buy them at official stores, not buy from second-hand markets. There are backdoors installed in second-hand hardware wallets and you will lose your crypto.

[Cryptmuster]

At this time of Black Friday, there are usually some promotions, even interesting ones. And some cold wallet companies are running promotions.

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

If there is still no cold wallet, then now it will be obvious to acquire it as a priority. Because if you have bitcoin but you have doubts about its safe storage, then $ 50 is a very small price for your peace of mind and confidence in the safe storage of your investments. If you already have such a wallet, then of course it is better to buy bitcoin, unless you want to buy another wallet for a gift.

[Pakhi11]

There is no reason to disagree with the above sentence, so in conclusion, you can use BTC to drive the current trend of Bitcoin. So you can own more BTC than BTC for a 4-equivalent, but one or more of you trusts to own it. It is common to think that instant wallets such as these times and codes are being operated. But keep in mind the storage of ritcoins so make sure your balance

[blockman]

I already have my hardware wallet and it's still working so I don't need a new one, that means that I'm good at putting that at bitcoin.
With the low price of it right now, that $60 is going to give more than it was before at the range of $40k and up. But those that still don't have a cold wallet or a hardware wallet, if you've got plenty of bitcoin being held, it's now the time to take advantage of the sale and get your own.

[joker_josue]

Of course, Hardware wallets are what you should buy and use if you have enough budget for them. If you have big capital and say no to hardware wallet, it is a bit odds. If you buy hardware wallets, let's buy them at official stores, not buy from second-hand markets. There are backdoors installed in second-hand hardware wallets and you will lose your crypto.

Buying from the official store is essential. I think the price difference is never significant enough to justify the risk. I'm not even a fan of resellers, even if they are the official ones, I prefer whenever possible to buy directly from the brand.

[Minecache]

At this time of Black Friday, there are usually some promotions, even interesting ones. And some cold wallet companies are running promotions.

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

I would choose to buy a cold wallet first, what if you have a lot of bitcoins but you can't keep it safe? This means that your bitcoins are always in danger and can be lost at any time. But if you get a cold wallet first and then collect bitcoins, it will be safe and you will have more time to focus on collecting bitcoins more. For me, I need a safe place to store my possessions before I start collecting them, because if I'm not prepared, accidents can happen at any time.

[FanEagle]

Of course, Hardware wallets are what you should buy and use if you have enough budget for them. If you have big capital and say no to hardware wallet, it is a bit odds. If you buy hardware wallets, let's buy them at official stores, not buy from second-hand markets. There are backdoors installed in second-hand hardware wallets and you will lose your crypto.

Buying from the official store is essential. I think the price difference is never significant enough to justify the risk. I'm not even a fan of resellers, even if they are the official ones, I prefer whenever possible to buy directly from the brand.

I agree, if you go with the ledger one then buy from the official store, because the second hand ones could always be risky and I wouldn't suggest that.

Yes, people say that there are ways to check it and see if it's clean or not, but I still think that you may not end up with knowing it all and then fail, which would mean that they could steal your money, is that really worth it. Pay the full price on the official store, wait for the shipment, all could take a while and eventually you will have the real thing and have zero worries at all. It’s an option though, I am not saying do this or buy btc, I am just saying if you pick the ledger one, this is the way to go.

[ajochems]

Cold wallet is the important one to store your bitcoin for the safer side. Many exchanges was closing now a days, so most priority one for now is save your holding bitcoin. It’s important one then buying bitcoin for the moment. Most of the people from various nation had their bitcoin in the FTX exchange for the no fee reason. But it was totally a drama and it was revealed in this year and stole huge people money. This was not expected one by the investors of the FTX investors. Many Holding bitcoin in the FTX was totally stolen.

[Smartvirus]

Right now, in your opinion, it pays off to spend 50~60$ buying a cold wallet or buying BTC?

It all depends on the what next. These two are something that shouldn't be exclusive right? One can't come without the other of course and funds shouldn't completely be an issue.
If you feel the necessity, then you should buy a cold wallet. Bitcoin remains a progressive investment and so, your not going to buy just once and let it be. Cold wallet is a one time purchase and stands as one place to store your precious bitcoin securely. Of course,  there are other means to ensuring your wallet stays safe so, you should go for that and ensure you buy coins when the opportunity presents itself as per funds rather than waiting on a dip.

[joker_josue]

Cold wallet is the important one to store your bitcoin for the safer side. Many exchanges was closing now a days, so most priority one for now is save your holding bitcoin. It’s important one then buying bitcoin for the moment.Most of the people from various nation had their bitcoin in the FTX exchange for the no fee reason.But it was totally a drama and it was revealed in this year and stole huge people money.

Because of what happened with FTX, cold wallet companies have been making a lot of money. In the last few weeks it has had a lot of sales, and maybe that's why it hasn't had big black friday promotions.

https://decrypt.co/114687/crypto-cold-wallets-in-ledger-trezor-sales-moon-after-ftx-collapse