My First Wallet.

[ajiz138]

Nice op. I'm interested in buying a hardware wallet but haven't bought it yet because I don't have a large amount of money to store. The amount of bitcoins I have can be safely stored in a software wallet.  However, software wallets are very risky. I think you won't have any trouble using it.  I am thinking of ordering one very soon. thanks for sharing this here op. congratulations for your first purchase a hardware wallet

Maybe you can take this as a advantage to learn and know the kind of hardware wallet you should go for when the times comes for you to purchase one, my advice for you is not to buy a ledger brand hardware wallet, instead you can go for Trezor or any other brand, using hardware is not as risky as some other storage alternatives that are hot wallets, you only need to give a maintenance to how you handle a hardware wallet against any form of damage.

Perhaps it can be seen from some open-source hardware wallets. Link.
If one day he has more money and plans to invest more in the long run then hardware will be more effective than storing in a hot wallet.

Actually there is nothing wrong with storing in a hot wallet if they can keep it safe from other hacker attacks, but that is easy to do if it is connected to the internet, in anticipation, hardware is the solution if you want to be truly safe.

[1714653286]

1714653286

[Popkon6]

Hardware wallet is the most secure full security wallet. Hardware wallets are the safest place to store bitcoins, especially for long periods of time. As far as I know sepal wallet is safe enough but confirm keys carefully. Because if the wallet is lost then you will keep your assets inside it. So I think it will be safe to write down the Key on paper.

[laurenB7742]

Nice op. I'm interested in buying a hardware wallet but haven't bought it yet because I don't have a large amount of money to store. The amount of bitcoins I have can be safely stored in a software wallet.  However, software wallets are very risky. I think you won't have any trouble using it.  I am thinking of ordering one very soon. thanks for sharing this here op. congratulations for your first purchase a hardware wallet

Maybe you can take this as a advantage to learn and know the kind of hardware wallet you should go for when the times comes for you to purchase one, my advice for you is not to buy a ledger brand hardware wallet, instead you can go for Trezor or any other brand, using hardware is not as risky as some other storage alternatives that are hot wallets, you only need to give a maintenance to how you handle a hardware wallet against any form of damage.

Perhaps hardware wallets are still the safest option for us, but it cannot be said that they are risk-free. I remember Ledger wallet used to be considered the most popular and secure until they announced the Ledger Recover feature, and it caused potential concern that they really weren't storing people's seed phrases? For me, as long as these devices are manufactured and managed under one centralized company, there will be risks that we do not anticipate.

[Cryptomultiplier]

I remember my first wallet. It was Trust wallet. Although I was still a newbie as at the time of using it, I will put myself in the bracket of persons who lost their asset due to negligence. I don't know if you would think of it like that because I got a new phone, reinstalled the Trust wallet, recovered my account with my seed phrase, but I couldn't find the supposed coin I kept there. Or perhaps I thought I did and was disappointed to find out I didn't in the end.

I had to give Electrum a try and it works just fine for me for now.
I am however fascinated by your bold move to acquire a hardware wallet no matter the cost or sacrifice you must have made, and am sure alot of us here would agree that it feels more safer to use the hardware wallet since it is totally disconnected from our devices, and safe from phishing, scammers and hackers.
Also is the case where the hardware wallet is stolen or lost, as long as the seed phrases are intact, a new hardware wallet can be bought or used to recover the coins.

Both Ledger and Trezor wallets allow users to recover access to their wallets through a seed phrase by simply using another hardware wallet.

“A user could recover their wallet and funds on any of the other new Ledger wallets. Alternatively, they could also recover on a Trezor, SafePal or another hardware wallet device,” Ledger chief technology officer Charles Guillemet told Cointelegraph.

Users can also turn to software wallets to access their funds in case the hardware wallet was lost, stolen or destroyed. “If you lost your Trezor, but you still have your recovery seed, you can recover your funds through many hardware wallets and software wallets in the market,” Trezor chief information security officer Jan Andraščík said.

According to the Ledger and Trezor executives, the list of compatible software wallets includes platforms such as Electrum, Exodus, MetaMask, Samourai, Wasabi, Spot and others.

https://cointelegraph.com/news/what-happens-if-you-lose-or-break-your-hardware-crypto-wallet

[Z-tight]

As far as I know sepal wallet is safe enough but confirm keys carefully. Because if the wallet is lost then you will keep your assets inside it. So I think it will be safe to write down the Key on paper.

Safepal wallet is neither a recommended nor a safe wallet. Take note that hardware wallets store your keys in them and it is your seed phrase that should be wriiten on paper and not your private keys. If your wallet is stolen or lost you'll have to use your seed phrase to import your wallet into another software or hardware wallet so an attacker would not brute-force your device pin, if weak, and steal your funds.

That is a good looking wallet but obviously as mentioned earlier it is closed source and thus you may not be in full custody of your own funds. I don’t know, if you are in decentralised market then best way to secure the funds is use non custodial wallets itself.

A closed source wallet can also be a self custody wallet, what is unsafe about a closed source wallet is that the users cannot verify the code of the wallet to know if it is safe and secure, even though they may have their keys and seed phrase.

[Bitcoin_people]

Congratulations on using a hardware wallet to secure your funds. Although currently Safepal hardware wallet has gained much popularity and it is on the list of gaining trust. Hardware Wallet It has strong security and ensures safe transactions from here very fast. But I have not used this safepal hardware wallet but its software wallet which gives me good security. Accordingly, I have seen many reviews of hardware wallets which have convinced me that this wallet is truly amazing. Safepal hardware wallet is more popular and advanced than other hardware wallets and this wallet provides maximum security of money to people.

[DYING_S0UL]

Just mainly due to curiosity — not saying that SafePal is bad or whatever(I have no idea because I never researched it), but how did you end up picking SafePal? Knowing that the Bitcoiner hardware wallet trio is Trezor-Ledger-ColdCard.

Sorry for posting irrelevant comment but man!! I am seeing you everyday everywhere in every thread. I know you are a legendary member and  you are very active. I don't know how to describe, my mind/brain always recognize this person/user (mk4). And the funny part is whether small or big or anything you always get merits. Man you are really something. Don't take it to heart no offense. I am just expression my thoughts.  

[aylabadia05]

Hardware wallet is the most secure full security wallet. Hardware wallets are the safest place to store bitcoins, especially for long periods of time. As far as I know sepal wallet is safe enough but confirm keys carefully. Because if the wallet is lost then you will keep your assets inside it.

The OP's acknowledgment that while owning SafePal was rarely used and the worry he experienced was also great because SafePal was a closed source hardware wallet from China.
Hardware wallets are safe for storing long-term assets, but from the testimonials of users who have used them lead me to say it would not be safe with a SafePal wallet for storing them long-term.

So I think it will be safe to write down the Key on paper.

Storing keys by writing on paper is still not safe because they still have the potential to be damaged by water and scorched by fire.

[ImThour]

Umm not really a great choice if you ask me, I will always go for a Ledger or Trezor hardware wallet because of how easy it's easy to use, store crypto and hide it in my house or somewhere secretive. This looks more like an alien device for those who don't know about Bitcoin Hardware Wallet(s) and if we go by Trezor or Ledger design, it's just a simple USB stick.

In the end if it's working fine for you, great.

[Wend]

Umm not really a great choice if you ask me, I will always go for a Ledger or Trezor hardware wallet because of how easy it's easy to use, store crypto and hide it in my house or somewhere secretive. This looks more like an alien device for those who don't know about Bitcoin Hardware Wallet(s) and if we go by Trezor or Ledger design, it's just a simple USB stick.

In the end if it's working fine for you, great.

You don't know it but many people are not unfamiliar with it, SafePal is a storage wallet with both hot and cold wallets that many people have been using, it's not new anymore. But I also wouldn't choose it as it is a closed source hardware wallet, but I would also recommend skipping Ledger, which is also no longer a trusted wallet. Perhaps when it comes to hardware wallets these days, Trezor is the safest option we have. But no one can predict what will happen, everything will be safe until it is no longer safe like how Ledger lost his reputation.