Just a friendly reminder, cold wallet vs hardware wallet, Windows malware

[SilverCryptoBullet]

Security guidelines should come after reading about Bitcoin, how to use a wallet correctly comes after and choosing the right wallet once and for all is not a bad move either, that advise is a very good one that newbies today are better off buying a better hardware wallet than using a hot wallet, learning how to use it won't take time at all.

Read about Bitcoin to understand it.
Learn how to keep your Bitcoin wallet safe.
Learn about the very best Bitcoin wallet, which to me is those few open source hardware wallet.
They buying Bitcoin comes last.

Security is about many things, not only about Bitcoin because it relates to devices where they store Bitcoin wallets, bitcoins, and broadcast transactions. Talking about security is a very wide area with many factors contribute to security of devices, accounts, wallets.
Bitcoin security resources.
Secure your wallet.
How to keep your bitcoin secure?
[Guide] Bitcoin security.

[Alpha Marine]

Security guidelines should come after reading about Bitcoin, how to use a wallet correctly comes after and choosing the right wallet once and for all is not a bad move either, that advise is a very good one that newbies today are better off buying a better hardware wallet than using a hot wallet, learning how to use it won't take time at all.

I never said anything was wrong with it; I only said it's unrealistic. It's not practical, and that is a problem with this forum. We don't say things that are practical. We also say things that can work only in theory.
It is not bad advice, but how practical is it for newbies to learn everything about Bitcoin wallets and types of wallets before they actually proceed to buy Bitcoin? Like, how practical is it that the first Bitcoin a newbie buys is in a hardware wallet?

I'm all for a newbie learning about the basics of Bitcoin before buying Bitcoin. And the basics to me are security, address, wallets and how to make a transaction. If a newbie knows these basic things, they can use this knowledge that they've gotten to decide the kind of wallet they would use, preferably an open-source non-custodial wallet.
The other things about Bitcoin, they can learn as they go

So many people on this forum who are no longer newbies don't even have hardware wallets, but we should expect newbies to have a hardware wallet before buying Bitcoin?

[YellowSwap]

The day you chose to get a good hardware wallet that's open source is where you mind still stop skipping when such similar news like this shows up online.

A airgapped, open source, hardware wallet is a good investment, that costs less than most mid range smartphones, how you lay your bed is how you will sleep on it.

Considering how expenses hardware wallets are, investors would hesitate to Invest in them first.

It's a good idea, since we need to take security to it's peak when investing in Bitcoin or cryptocurrency. But how many investors would bother about this? Some sees this kinds of news everyday but ignores them thinking it's not possible to happen to them.

Even the best still could be a victim when he's not careful, so no one should think they are in a better position. even with a hardware wallet you could still be vulnerable.

I know that people who thinks like this exists but they are just stupid people, if hot wallets are that secured there will never be a need for hardware wallet showing up now, the longer this crypto space lasts the more new threat will keep showing up.

Hardware wallet is a necessary investment, hot wallets are not safe, even if you trust the company you can't trust the vulnerability of OS and browsers on your smartphone, there are many topics on here about vulnerabilities of android phones, I created few myself.

Hardware wallet is a good investment it is something that everyone can afford, there are few that are been sold at $69 each, there is no excuse for not buying one, yes it doesn't completely erase all risks but it limits it compare to a hot wallet.

[Dave1]

I never said anything was wrong with it; I only said it's unrealistic. It's not practical, and that is a problem with this forum. We don't say things that are practical. We also say things that can work only in theory.
It is not bad advice, but how practical is it for newbies to learn everything about Bitcoin wallets and types of wallets before they actually proceed to buy Bitcoin? Like, how practical is it that the first Bitcoin a newbie buys is in a hardware wallet?

I'm all for a newbie learning about the basics of Bitcoin before buying Bitcoin. And the basics to me are security, address, wallets and how to make a transaction. If a newbie knows these basic things, they can use this knowledge that they've gotten to decide the kind of wallet they would use, preferably an open-source non-custodial wallet.
The other things about Bitcoin, they can learn as they go

So many people on this forum who are no longer newbies don't even have hardware wallets, but we should expect newbies to have a hardware wallet before buying Bitcoin?

You have a point, that's why in the beginning of my career here, I was scam but it was not that huge amount though because I don't know the basics of wallet. I just go and dig my hands on it without properly educating myself.

So that is the key here, we need to understand at least the basic at the start, before buying hardware wallets, because not all hardware wallets are the same, specially close source. Perhaps we can get wallet like Electrum in the beginning and store our Bitcoin and then hardened our security practices overtime. And once we have the knowledge and wanted to secure and protect our Bitcoin then we can move on more advance wallet like hardware or even air-gapped.

[promise444c5]

So that is the key here, we need to understand at least the basic at the start, before buying hardware wallets, because not all hardware wallets are the same, specially close source. Perhaps we can get wallet like Electrum in the beginning and store our Bitcoin and then hardened our security practices overtime. And once we have the knowledge and wanted to secure and protect our Bitcoin then we can move on more advance wallet like hardware or even air-gapped.

The Electrum you mentioned  can still be used as ‘advanced’, and one of its advanced features is support for a cold storage setup. what’s changing is not the wallet itself but the setup.  It’s just one of many of what you can do with Electrum..

BTW most of the advanced features can be accessed through the console Tab[you don’t need to go ahead messing around with it , most of the feature you need is already available through the GUI ].